Ethereum $2,634 Foundationmade another remarkable sale in the crypto world. The Foundation sold 100 ETH about half an hour ago. The value of this sale was calculated as approximately 263 thousand dollars. The value of ETH sold by the Ethereum Foundation since the beginning of the year has exceeded 10 million dollars.
What Does Ethereum Foundation’s Latest Sale Mean?
Ethereum Foundation this year ETH sales When examined, it is seen that he sold a total of 3 thousand 766 ETH. The total value of this amount corresponds to approximately 10.46 million dollars. The sales transactions of the foundation are carefully followed by investors along with the fluctuations in the cryptocurrency market.
cryptocurrency marketSince every sale can have a significant impact on the market, the sales made by the Ethereum Foundation and the last sale of 100 ETH may change the course of the market. The fact that the foundation sold a total of 3 thousand 766 ETH is important as it may cause sales pressure on the price of ETH. The Ethereum Foundation has been able to influence market movements by making similar strategic sales in the past. However, it is still unclear how the market will react after the last sale of 100 ETH.
These sales carried out by the foundation also attract the attention of market actors. As speculation about the future of Ethereum continues to increase, such large sales have the potential to create sudden changes in prices. In particular, investors closely follow the sales decisions of major actors such as the Ethereum Foundation.
Ethereum Foundation’s Sales Strategy
Ethereum Foundation has been selling ETH regularly for a long time. These sales are generally made to support the Ethereum ecosystem, but such large sales can sometimes be criticized by market participants. The main basis of the criticism is that the basic reasons underlying the foundation’s sales strategy are not explained transparently. However, it is known that such sales are generally intended to finance project development and operational costs.
With current data ETH It is trading at $2,597, with a decrease of 1.38 percent in the last 24 hours. Data shows that the largest altcoin fell 1.82 percent in the last 7 days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
